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Author Topic: What cryptocurrency would you engage to gamble in?  (Read 2285 times)
Baofeng
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August 30, 2018, 09:27:45 PM
 #21

I've seen a lot of people talk about BTC gambling, but is it that there are lots of cryptocurrencies to gamble in and not only Bitcoin? Although I know the answer for this, and maybe a lot of people as well know the answer to this, but I'd leave the answers to those who are eager to enlighten those who have little knowledge and information about this.

So what do you think? What cryptocurrency should be recognized and should be gambled with?

Adding other than Bitcoin alts to gambling sites was a necessary measure in times when Bitcoin transactions were either very slow or too expensive. Currently, when you can pay as low as 10 satoshis/byte for your transaction to be confirmed within 30 minutes, there's no acute need for that. But nevertheless it looks good overall when a site accepts different alts, you can gamble with some dust of coins which you don't need for anything else. It's a cool feature.

Agreed. Its good that gambling sites are accepting altcoins besides bitcoin, specially during its peak last year. Really hard to gamble with bitcoin because its really expensive. Gambling sites though adjusted, well some of them are now Segwit friendly. But I used Litecoin, Doge because I have some dusts amount early this year, unfortunately it was swept as well.

 
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August 30, 2018, 09:51:31 PM
 #22

As main = Bitcoin, and alt coin maybe Ethereum.
I dont trust in any other forked alts.

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August 30, 2018, 09:57:35 PM
 #23

I think the one crypto people should avoid gambling with is definitely Bitcoin or Ethereum, though that actually hard since most crypto gambling websites accept these 2 payments.
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August 30, 2018, 10:01:32 PM
 #24

I think the one crypto people should avoid gambling with is definitely Bitcoin or Ethereum, though that actually hard since most crypto gambling websites accept these 2 payments.

And what's your reason on the avoiding taking?
Just to pump out other coins prices???

They are the most secure / safest / reliable coins out there

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August 30, 2018, 10:27:58 PM
 #25

I've seen a lot of people talk about BTC gambling, but is it that there are lots of cryptocurrencies to gamble in and not only Bitcoin? Although I know the answer for this, and maybe a lot of people as well know the answer to this, but I'd leave the answers to those who are eager to enlighten those who have little knowledge and information about this.

So what do you think? What cryptocurrency should be recognized and should be gambled with?
Only Bitcoin, not anything else. I simply have no reason to use alts. Every decent and trusted gambling site use BTC as their main payment system. There are also the fact that Bitcoin transaction fee is now very cheap, maybe there are alts with cheaper tx fee but I'd say you'll lose more money by holding alts (capital loss).

Feel free to look at the stats (https://dicesites.com/), wagered volume for alts in all sites is nowhere near the BTC wagered volume. So I guess most people don't prefer alts either.
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August 30, 2018, 11:29:16 PM
 #26

I use all the alts that Bitsler accepts. They listed 18 coins to choose from

Bitcoin
Ethereum
Litecoin
Bitcoin Cash
Ripple
Dogecoin
Dash
ZCash
Ethereum Classic
Neo
Komodo
Bitcoin Gold
Lisk
Digibyte
QTUM
Stratis
Waves
Burst

If any of those coin is down, what I do is try to play with them for a chance to multiply the coin or token that I am holding. Most of the time I play with Ethereum and NEO since I have some of those that I can dispose.
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August 31, 2018, 12:05:04 AM
 #27

Most gambling sites accept BTC, so BTC would be a favourable go-to option. But if they have option for Doge, then I would obviously prefer that. I don't mind using others, but I don't like the struggle of depositing BTC in an exchange, converting them and again withdrawing them. Nah, too much work.


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September 01, 2018, 11:32:35 AM
 #28

I've seen a lot of people talk about BTC gambling, but is it that there are lots of cryptocurrencies to gamble in and not only Bitcoin? Although I know the answer for this, and maybe a lot of people as well know the answer to this, but I'd leave the answers to those who are eager to enlighten those who have little knowledge and information about this.

So what do you think? What cryptocurrency should be recognized and should be gambled with?

Adding other than Bitcoin alts to gambling sites was a necessary measure in times when Bitcoin transactions were either very slow or too expensive. Currently, when you can pay as low as 10 satoshis/byte for your transaction to be confirmed within 30 minutes, there's no acute need for that. But nevertheless it looks good overall when a site accepts different alts, you can gamble with some dust of coins which you don't need for anything else. It's a cool feature.

Agreed. Its good that gambling sites are accepting altcoins besides bitcoin, specially during its peak last year. Really hard to gamble with bitcoin because its really expensive. Gambling sites though adjusted, well some of them are now Segwit friendly. But I used Litecoin, Doge because I have some dusts amount early this year, unfortunately it was swept as well.

Thanks for agreeing with me, but what I could never understand is this "Bitcoin is too expensive to gamble with" thing. On most dice sites you can bet with as low as 1 saotshi, and although other games may require 1k sats for a minimum bet it is still not too much. Besides, the amounts of minimum bets in other cryptos are normally adjusted to the rate so that your minimum bet is almost the same in relation to USD. Well, it can be two times lower than that in BTC, as far as I know, but not more than two times lower. CMIIW.

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September 01, 2018, 01:31:47 PM
 #29

I've seen a lot of people talk about BTC gambling, but is it that there are lots of cryptocurrencies to gamble in and not only Bitcoin? Although I know the answer for this, and maybe a lot of people as well know the answer to this, but I'd leave the answers to those who are eager to enlighten those who have little knowledge and information about this.

So what do you think? What cryptocurrency should be recognized and should be gambled with?

It depend on the gambling site that they allow which cryto currencies to deposits and then gamble. Bitcoin is accepted everywhere and then there is Eth which is also accepted in most of the gambling casinos websites. Other than these two, we will not see much of the options as they are not so popular for real time usage.
Also why would people first buy altcoins with their bitcoin and then gamble, when they can do it directly with Bitcoins. I do not see any big reason for introducing more altcoins to the gambling industry. It will just create more complexity.

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September 01, 2018, 02:36:08 PM
 #30

I've seen a lot of people talk about BTC gambling, but is it that there are lots of cryptocurrencies to gamble in and not only Bitcoin? Although I know the answer for this, and maybe a lot of people as well know the answer to this, but I'd leave the answers to those who are eager to enlighten those who have little knowledge and information about this.

So what do you think? What cryptocurrency should be recognized and should be gambled with?

While most casinos allow you the option to play with Dogde, Eth, Ltc I yet would stick with Bitcoins. One of the primary reason is I trust bitcoins, it's easy to trade and its prices don't remain stagnant. I personally don't like alts, cause once they crash thier recovery takes ages, plus not all like to buy alts trading them is a problem. However if you like to play with alts or want to test out alts then I would suggest only use popular alts like dodge, eth and ltc, also make sure your casino accepts it before you purchase to play.
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September 04, 2018, 02:03:54 PM
 #31

I have seen a lot of casinos offering gamble with altcoins and most of them is trustable gambling sites however i don't have the particular options for online gambling as long as it's makes me comfortable then i would gambling use altcoins instead of bitcoin and i think the current gambling sites only accepting bitcoin or several altcoins such as ETH, Litecoin or Doge coin because these altcoins have high demand to used for gamble
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September 04, 2018, 02:33:28 PM
 #32

I've seen a lot of people talk about BTC gambling, but is it that there are lots of cryptocurrencies to gamble in and not only Bitcoin? Although I know the answer for this, and maybe a lot of people as well know the answer to this, but I'd leave the answers to those who are eager to enlighten those who have little knowledge and information about this.

So what do you think? What cryptocurrency should be recognized and should be gambled with?

I think bitcoin is the most one and the second is Ethereum, maybe bitcoin cash too. If we talk about cryptocurrency gambling site, bitcoin must be the one who will be accepted on that gambling site.

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September 04, 2018, 02:37:10 PM
 #33

I've seen a lot of people talk about BTC gambling, but is it that there are lots of cryptocurrencies to gamble in and not only Bitcoin? Although I know the answer for this, and maybe a lot of people as well know the answer to this, but I'd leave the answers to those who are eager to enlighten those who have little knowledge and information about this.

So what do you think? What cryptocurrency should be recognized and should be gambled with?
I haven't seen it anywhere but gambling with nano could be amazing. It can even be off-chain and still be faster than some of the on-chain bitcoin gambling options. I think if there was any websites that allowed people to gamble as fast as possible on nano we can see the awesomeness of how valuable it is to just gamble with a coin that has instant transactions.

I mean the workload on the website from millions of wagering is still creating stress on the server for the website but it is at least fixing one issue. Also people can deposit and withdraw nano instantly which would make them gamble even faster, depositing and waiting for your deposit to show up is still taking a lot of the hype from you, if it was instant like nano, I bet we would gamble more and wager more.
what I know is that it's only gambling on bitcoin, maybe this is what I feel when it is focused on bitcoin alone, some sites that I follow to gamble online for the investment I'm planning, maybe there are still a few coins that can be used as betting tools.
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September 04, 2018, 07:04:19 PM
 #34

Actually all cryptocurrency can be used in gambling if the gambling platform can add it to their method, but so far I only use a few crypto like: btc, doge, eth, ltc. So far I prefer to use that crypto, because besides that these altcs also have low transaction fees and are also fast to confirm.

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September 04, 2018, 10:40:03 PM
 #35

It doesn't really matter in my opinion. All alt coins have value. Whether you're betting $20 in TRON or XRP, it's still $20.

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September 06, 2018, 12:39:33 AM
 #36

It doesn't really matter in my opinion. All alt coins have value. Whether you're betting $20 in TRON or XRP, it's still $20.

I think it got differences, for the big gamblers, when they want to gamble using alt coin they also need to predict whether the alt coin price could go down or not, maybe today 1 trx is 3$ but if tomorrow change into 1$, then their capital is falling down, so gambling in alt coin does give extra risk to the gambler, but the casino need to adopted some alt coin, so the gamblers got more options and some alt coin got a better speed transaction and lower transaction fee, for gambling I like to used btc and doge, doge transaction fee is very cheap and it's easier to bet using doge, I don't need to count the fraction
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September 06, 2018, 10:28:31 AM
 #37

I've seen a lot of people talk about BTC gambling, but is it that there are lots of cryptocurrencies to gamble in and not only Bitcoin? Although I know the answer for this, and maybe a lot of people as well know the answer to this, but I'd leave the answers to those who are eager to enlighten those who have little knowledge and information about this.

So what do you think? What cryptocurrency should be recognized and should be gambled with?

Unfortunately, the matter of deciding which type of currency to gamble with, does not rest on the players alone but more on the platform providers and they will only implement new methods of playing if and only if the number adds up i.e the cost of setting up and the number of people that it will be using the method is enough to be incorporated in their own corporate plan or else, it will only be a suggestion that will be swept under "consideration".

Casinos all over the years have always relied on chips, horse racing over the years have relied on tickets, some other gambling sites rely on their own form of coins that you are forced to convert whatever form of currency you have in other to play on the platform.

So, in the case of crypto, the currency to me does not matter so far there is an exchange available that can be converted. Some gambling sites even have inbuilt exchange platforms that makes things super easy. The point of focus is the site itself and its reputation to be sure I am not getting scammed.
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September 06, 2018, 10:50:08 AM
 #38

It doesn't really matter in my opinion. All alt coins have value. Whether you're betting $20 in TRON or XRP, it's still $20.

You are right as long as the betting amount is fixed in the value of $ then it wont be a matter, but the most used reason why people prefer for a coin to gamble is about its popularity, its price, and the speed of transaction.
The amount when you bet could be fixed but its value may decreased because the price of the coin is dumped significantly. In this case, people prefer to use coins that has less possibility of getting dumped and high possibility of getting pumped.
Bitcoin is still the most popular and the most used coin in this crypto gambling industry, the other coins is just alternative when they have no bitcoin on their wallet or they want to use bitcoin for other purpose such as holding or trading.

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September 06, 2018, 08:42:21 PM
 #39

It doesn't really matter in my opinion. All alt coins have value. Whether you're betting $20 in TRON or XRP, it's still $20.

It matters else you would be betting all stake highs with everyone of them.

Just you have to consider market caps, 24h volumes and if they are active coins (not dead).

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September 06, 2018, 09:25:09 PM
 #40

I've seen a lot of people talk about BTC gambling, but is it that there are lots of cryptocurrencies to gamble in and not only Bitcoin? Although I know the answer for this, and maybe a lot of people as well know the answer to this, but I'd leave the answers to those who are eager to enlighten those who have little knowledge and information about this.

So what do you think? What cryptocurrency should be recognized and should be gambled with?
No doubt that BTC would really be mainly used since this is the main crypto as we all know which every online gambling site would definitely have this option anytime to make it as you main deposit option
Recognition of other altcoins would entirely depending on the house if they do saw that theres a public request on adding it up then they might consider it.



It doesn't really matter in my opinion. All alt coins have value. Whether you're betting $20 in TRON or XRP, it's still $20.
When it comes to fixed value then theres no really point to have lots of coins but when we do talk about to have many options then this would really be still a considerable idea.

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